Marathon Petroleum Corporation (NYSE:MPC) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Marathon Petroleum Corporation (NYSE:MPC — Get Free Report) have been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $175.80.

MPC has been the subject of a number of research analyst reports. Barclays lifted their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Raymond James Financial dropped their price target on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price target on Marathon Petroleum from $180.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Evercore ISI began coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 price target on the stock. Finally, TD Cowen raised their price target on Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th.

Check Out Our Latest Analysis on MPC

Hedge Funds Weigh In On Marathon Petroleum

Several large investors have recently made changes to their positions in the business. Nixon Peabody Trust Co. lifted its position in shares of Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after acquiring an additional 68 shares in the last quarter. Buckley Wealth Management LLC increased its holdings in shares of Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company’s stock worth $1,998,000 after purchasing an additional 75 shares during the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company’s stock worth $928,000 after purchasing an additional 76 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Marathon Petroleum by 2.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 78 shares during the last quarter. Finally, Intact Investment Management Inc. increased its holdings in shares of Marathon Petroleum by 19.0% in the fourth quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 80 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 0.1%

MPC stock opened at $167.69 on Friday. Marathon Petroleum has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The firm has a market cap of $51.52 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89. The business has a 50 day moving average of $155.91 and a 200 day moving average of $147.36.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. On average, research analysts forecast that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.17%. Marathon Petroleum’s payout ratio is 51.20%.

About Marathon Petroleum

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

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